New York, Jan. 9.
Easy conditions prevailed in the cotton market, with prices declining on bearish cables, liquidation, foreign selling and a weak stock market Later, the trade absorbed some hedge selling, but subsequently the market was again subjected to renewed liquidation. Closing quotations were from 5 to 14 points down from Saturday's final levels.
The rubber market was a trading affair today, with fluctuations narrow. Operators are still keeping a watchful eye on Washington developments. At the last call over, quotations were from 3 points down to 6 points up from the previous levels.
Lower foreign cables were reflected in cheaper values in the Chicago Wheat Pit at the outset. Later, reports of rains over the drought ridden areas induced some liquidation. At the final bell, losses of 3& cent were registered.
New York Cotton New York Rubber Jan.—14 Jan.
160737 +06
Text read from the printed page and cleaned; old type leaves the occasional error.